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African Markets - Factors to watch on April 22

Published 22/04/2021, 06:00
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NAIROBI, April 22 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday.

GLOBAL MARKETS
Asian stocks rose on Thursday, extending a rebound in global markets following a sharp selloff earlier this week, while oil prices eased again on worries about rising COVID-19 cases in some parts of the world. 

WORLD OIL PRICES
Oil prices fell for a third day on Thursday as a surprise build in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised concerns that a recovery in global economy and fuel demand may slow. 

SOUTH AFRICA MARKETS
South Africa's rand firmed on Wednesday, erasing losses from the previous session as investors continued to see value in the high-yielding, high-risk currency despite an uptick in local inflation.

MARKETS
The Kenyan shilling (KES=) weakened on Wednesday, traders said, a day after central bank sold dollars to cushion it.

DEBT
Nigeria's senate approved on Wednesday taking external loans worth $1.5 billion and 995 mln euros ($1.2 billion) from the World Bank and Brazil.

ECONOMY
Ghana's economy grew 0.4% in 2020, gathering steam in the last three months after contractions in the second and third quarters due to the coronavirus outbreak, the country's statistics agency said on Wednesday.

SECURITY
The son of Chad's slain leader Idriss Deby took over as president and armed forces commander on Wednesday as rebel forces threatened to march on the capital, deepening the turmoil in a country vital to international efforts to combat Islamist militants in Africa.

ENERGY
Mozambique President Filipe Nyusi said on Wednesday the government will work to restore peace in the country after a deadly militant attack last month near multi-billion-dollar gas projects backed by global oil companies.

CORONAVIRUS
The problems faced by Ghana, one of sub-Saharan Africa's more economically developed nations, illustrate how a continent with experience in battling deadly infectious diseases has found itself ill-prepared to inoculate people against this pandemic. 

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